Market Overview

Cheryl Carolus Named Chair of Gold Fields

The Chair of Gold Fields Limited (Gold Fields) (NYSE: GFI), Dr Mamphela Ramphele, has announced her resignation from the Company's Board of Directors with immediate effect. Dr Ramphele has decided to retire as Chair to further her socio-economic and political work. She has resigned from most of her private sector directorships and will relinquish all other remaining private sector directorships and positions to focus on these activities.

Gold Fields' non-executive director, Cheryl Carolus, will succeed Dr Ramphele as Chair of the Company with immediate effect. Ms Carolus was appointed a director of Gold Fields on 10 March 2009. She is Executive Chair of Peotona Group Holdings Ltd and is a director of Investec and De Beers, amongst others.

Dr Ramphele said: "I am pleased that during my tenure at Gold Fields significant progress has been made in entrenching the sustainability of the Company's operations worldwide. I also believe that the separate listing and unbundling of the Company's KDC and Beatrix mines into Sibanye Gold will provide the South African operations with the dedicated and focused management as well as full control over their cash flows to extend their life of mine in a sustainable

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Posted-In: News Guidance Contracts Management Global

 

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